Q.

Consider the following statements: In India, taxes on transactions in Stock Exchanges and Futures Markets are 1. levied by the Union 2. collected by the States Which of the statements given above is/are correct? [IAS 2010]

A. 1 only
B. 2 only
C. Both 1 and 2
D. Neither 1 nor 2
Answer» A. 1 only
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